UrbanLand: After the Storms: How 2017 Storms Affected Forecasts for Texas, Florida, and Elsewhere
January 22, 2018
“We had a lot of [multifamily] supply taken off the market,” says Todd LaRue, managing director of Austin for RCLCO Real Estate Advisors. The residential market in Houston is already starting to surge, as demand for homes soars, LaRue says. Investors are buying damaged homes at steep discounts; many owners did not have flood insurance, local experts say. And buyers remain interested in the commercial and industrial markets, where Houston is seen as a growing market, thanks to its port and energy interests.
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